Fortifying Our Financial Foundation

The University’s financial turnaround in Fiscal Year 2025 (FY 2025) has been nothing short of remarkable. Through strategic restructuring and disciplined fiscal management, we have moved from a position of challenge to one of increasing strength and stability. The evidence is clear and compelling:

• Deficit Reduction and Positive Cash Flow: The actual operating deficit for FY 2025 was reduced to the lowest figure in five years and better than our own projections  one year ago. Even more significantly, our net cash flow from operating activities experienced a positive swing, moving from the negative in the prior year to the positive in FY 2025. 

• External Validation of Financial Improvements: This internal progress is validated by external analysis. The University’s independent auditor, Brown Edwards, confirms significant progress and an increasing level of financial health.

• Strong Liquidity and Debt Management: Our operational liquidity now provides the University with cash on hand that significantly exceeds the critical 90-day benchmark. Furthermore, the University carries no short-term debt and has actively reduced its long-term debt obligations.

• A Balanced Budget for the Future: Looking ahead, the Board of Trustees has approved a balanced budget for Fiscal Year 2026. This is a critical milestone.